Jindal Stainless

Jindal Stainless delivered a resilient Q4 FY26 with consolidated EBITDA of ₹1,455 croreCurrent reported value: ₹1,455 crore. No comparable prior figure is available in the source record. (+37% YoY) and PAT of ₹824 croreCurrent reported value: ₹824 crore. No comparable prior figure is available in the source record. (+41Current reported value: 41. No comparable prior figure is available in the source record.% YoY), despite geopolitical headwinds impacting fuel costs. Full-year sales volume grew 8% YoYCurrent 8% YoY. Reported change: -1pp YoY. to 2.57 million tons, driven by strong domestic demand from automotive, metro, and white goods. Management guided FY27 volume growth of 7-9%Current reported value: 7-9%. No comparable prior figure is available in the source record. and H1 EBITDA per ton of ₹18,000-20,000, factoring in elevated energy costs from the Middle East crisis. The Indonesian melt shop (1.2 MTPA) was commissioned ahead of schedule, and downstream expansions in India remain on track to support a 3.5 MTPA sales target by FY29. Key risk: QCO suspension and cheap imports could pressure pricing and market share.